PEZA Director General Charito Plaza(file photo) MANILA - Philippine Economic Zone Authority (PEZA) Director General Charito Plaza has offered another way for the Bulacan Airport City project to be declared as special economic zone after President Ferdinand "Bongbong" Marcos Jr. vetoed House Bill 7575 creating the Bulacan Airport City Special Economic and Freeport Zone Authority (BACSEFZA). In a statement Monday, Plaza said instead of creating another investment promotion agency (IPA) through the proposed BACSEFZA, the airport project in Bulacan could be registered with PEZA as a new special economic zone. "To think that the BACSEFZA is a private-led development of (a) new ecozone, it is but appropriate to register it with PEZA instead of having it legislated to be a new investment promotion agency. Through this, (the) government is spared of responsibility to provide (an) annual budget to legislated independent economic zones and to create multiple IPAs with overlapping
THE Philippine Economic Zone Authority (PEZA) said on Monday it supports the veto of House Bill (HB) 7575 creating the Bulacan Airport City Special Economic Zone. “It is a wise decision of President BBM, because while there are two ways of declaring ecozones, first by legislation, the second one by way…